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20121201
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Search Results 0 to 6 of about 7 (some duplicates have been removed)
happened, it happens all the time. people always compare the u.s. being next greece. you know what? confiscation of private pensions happened in greece. it happened in the last year. it happened in argentina. in ireland to pay forbillion stimulus spending. a wealth tax of some sort especially on 401(k)s which you point out people put aside to save for their own future i don't think that is out of bounds on this president at all. he is firmly committed to spending and collectivism. eventually bills have to be paid. they will use people's private assets. gerri: not just the president. every elected official in washington seems to be the exact same way. they want to get our hands on our money we have to be alert. it is not irresponsible to mention it. i don't think so. jonathan, really appreciate your time. >> thanks, gerri, we'll be right back with my two cents more and the answer to the question of the day, who do you trust more, the epa or aaa? [ male announcer ] at scottrade, we believe the more you know, e better you trade. so have ongoing webinars a intactive learning, plus, in
. but michael was out in greece. he might tell us what happens when you allow tax increases to chase after spending and you don't have any restraint in all, however works out. gerri: california's just approved a $6 billion tax hike. what can you tell us about our future? >> it is retroactive. active january 1st of 2 dozen 12. it does not start ne yar. it already started. increasing our sales ta. the people run in this whole operation moved to texas. if you want to visit califnia anymore go to dallas, houston, fort worth because that is where people are going. people learn to livesmall, and this is what people understand. my taxes go u maybe al nly give up petty an many every other week. maybe i will get my hair cut every twwes but every three. this is what goes on. and if youraise my taxes i'm going to c cut back somewhere. who gets hurt is the little guy on the totem pole. gerri: rahway ago. thank you for coming on tonight. thank you. all right. yet another big corporations rushing to avoid a huge tax bill on t fiscal cliff. oracle said it uld pay tree of next year's dividends this year.
at greece. they are 162%, we are not near that, but do you worry this could bring us there someday? >> well, that's exactly the right metric to think about how much debt we have relative to how big we are that's how we think about how much house we can afford on an individual level, and that's how the government should be thinking too. how much the u.s. government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't bespialing out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise axes to make those interest payments which is circular and arguably stupid at the end of the day. talk about the tax code. how do you do it? it's a big book of favors. it is a doorstop at this point it's so big. do you throw it out and start over? >> wellll, it's interesting. you k
a greece, too extreme, but i would say italy. holy irresponsible for any republican member of the house of representatives to vote for the package that mitch mcconnell is negotiating on their behalf without their leaders present. it is a ridiculous package. it does not work, and it will solve our long-term debt problems. gerri: i never have to guess at what you think. you are always clear isabela and entertaining. thank you for coming out tonight. have a great new year. >> happy new year. gerri: no votes in the house tonight. meanwhile, we go off the cliff tomorrow. it does not applicable be a happy new year. our political panel place the blame game next. ♪ [hip-hop music] ♪ - ♪ what's wrong with the world, mama ♪ ♪ people livin' like they ain't got no mamas ♪ ♪ i think the whole world's addicted to the drama ♪ ♪ only attracted to the things that'll bring the trauma ♪ ♪ where is the love - ma'am. - [gasps] - you forgot your purse. - oh. thank you. thank you very much. gerri: fiscal stiffed. that is of americans feel after congress failed to reach a deal on taxes an
wh? confiscation of private pensions happened in greece. it happened in the last year. it happened in agentina. in ireland to pay forbillion stulus spending. a wealth tax of some sort especially on 401(k)s which you point out people put ide to save for their own future i don't think that is out bounds on this presidt at all. he is firmlyommitted to spending and collectivism. eventually bills have to be paid. they will use people's private assets. gerri:ot just the president. every elected official in washington seems to be the exact same way. they want to get our hand on our mon we have to be alert. it not irresponsible to mention it. i don't ink so. jonathan reallyapeciate your time. >> thanks, gerri, we'l be right back with my two cents more and the answer to the question othe day, who do you trust more, the epa or aaa? [ male announcer ] hodo you trade? with cottder strming otes, any way you want. fully ctomize it for your ading process -- from thought to trade, every screen. and all in real time. which kes it just like having your own trading oo righat your fingertips. [ rodg
Search Results 0 to 6 of about 7 (some duplicates have been removed)